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The Tenancy Deposit Scheme is a government approved organisation that provides protection for renters' money. It acts as a holding place for the deposit, which can be released at the end of the term, providing both parties agree.

It's often used on assured shorthold tenancies and within 30-days of your money being transferred, your landlord must tell you where it's gone, the scheme it's in and how you can register to view it.

"Whilst the deposits are never actually protected through TDS, we’re keen to make sure consumers in the market are protected," explained Steve Harriot of the Tenancy Deposit Scheme.

"The fraudulent activity includes large sums of money and we want to raise awareness to stop people from falling victim to this type of activity.

"If anyone has any queries or isn't sure about whether or not the process they’re being asked to follow is correct, they can contact TDS who will be more than happy to guide them."